[Putin will persuade Beijing to build the "Power of Siberia 2" pipeline] The Kremlin stated that during Putin's visit to Beijing, the new natural gas pipeline project would be "discussed in detail" once again. Russia has been working for nearly a decade to finalize this agreement. Since the full-scale war began, the project has become even more important for the Kremlin as Moscow urgently seeks alternatives to the European market. However, Beijing is not in a rush. The main issue is the price of natural gas: according to reports, China hopes to purchase Russian gas at prices close to Russia’s domestic rates—significantly lower than what Europe once paid. Bloomberg sources said the final decision rests entirely with China.
Original: toutiao.com/article/1865558620186624/
Disclaimer: The views expressed in this article are solely those of the author.